International Flavors & Fragrances Inc. (NYSE:IFF) Holdings Decreased by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC cut its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,981 shares of the specialty chemicals company’s stock after selling 4,341 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in International Flavors & Fragrances were worth $13,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IFF. UMB Bank n.a. boosted its holdings in shares of International Flavors & Fragrances by 8.9% in the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock valued at $123,000 after buying an additional 119 shares during the period. Arete Wealth Advisors LLC boosted its stake in International Flavors & Fragrances by 4.2% in the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock valued at $321,000 after acquiring an additional 124 shares during the period. Truist Financial Corp grew its holdings in shares of International Flavors & Fragrances by 0.7% during the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock valued at $1,683,000 after purchasing an additional 129 shares during the last quarter. United Community Bank lifted its holdings in shares of International Flavors & Fragrances by 19.4% in the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock worth $78,000 after purchasing an additional 150 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 171 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling

In other news, Director Kevin O’byrne bought 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares in the company, valued at $522,860. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Down 2.3 %

Shares of IFF stock opened at $76.41 on Monday. The stock’s 50 day simple moving average is $82.56 and its 200 day simple moving average is $89.79. International Flavors & Fragrances Inc. has a twelve month low of $76.38 and a twelve month high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The company has a market capitalization of $19.54 billion, a price-to-earnings ratio of 81.28, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. As a group, research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. International Flavors & Fragrances’s payout ratio is 170.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IFF shares. Stifel Nicolaus cut their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Bank of America reduced their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Oppenheimer dropped their price target on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Barclays reduced their price objective on International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company cut their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.31.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.